Kenya's Banks Among the World's Best-performing Report
McKinsey Company published its 2023 Global Banking Annual Review which unpacks the shifts in balance sheet, transactions, and distribution that have seen banks shift to capital-light nontraditional institutions and [...]
ILAM FAHARI I-REIT Faces Reorganisation After Offer Oversubscription by 13%
ILAM has been working to restructure the REIT to ensure its sustainability and improve its ability to generate returns for unit holders.
Explainer: What are Carbon Credits?
Every unit of carbon avoided or removed generates demand and can be sold like any other commodity in an open market.
Safaricom Completes Acquisition of Entire M-Pesa Holding Company Shares
Safaricom has completed transaction for acquisition of the entire issued share capital of M-Pesa Holding Limited from Vodafone International Holdings BV. M-Pesa Holding is the corporate trustee responsible for holding [...]Mi Vida Homes Signs Deal with IHS Kenya for Green, Affordable Housing
International Housing Solutions (IHS), a private equity fund manager investing in green affordable housing across Sub-Saharan Africa, has, through its Kenya Green Housing Fund, signed an agreement with real estate [...]Kenya’s Strategy to Redeem KSh 299B Eurobond in June 2024
Kenya’s National Treasury Cabinet Secretary Prof. Njuguna Ndung’u has disclosed an elaborate strategy by the Government to settle the US$ 2 billion (KShs 299 billion) Eurobond that matures in June [...]
Rwanda, Qatar Extend Deal on Financial Sector Development
The Qatar Financial Centre Authority (QFCA) and Kigali International Financial Centre have renewed their agreement to jointly foster financial sector development in their respective regions. The QFC and Kigali International [...]Kenya’s Economic Growth Momentum Slows in September PMI
Kenya’s economic activity moved at a sluggish pace in September as rising fuel prices and a rapidly depreciating Kenya Shilling exchange rate against the US dollar, hurt businesses and consumers. [...]Nairobi Securities Exchange Seeks New CEO As Geoffrey Odundo Prepares Exit
The Nairobi Securities Exchange (NSE) is searching for a new Chief Executive Officer, to replace Geoffrey Odundo whose term ends in March 2024 following a one-year extension. Appointed in March [...]EU Sets Sh6.3B to Unlock Potential of Agribusinesses Within EAC
Small businesses in the agriculture sector within the East African Community (EAC) are targeted in a Sh6.3 billion (€40 million) second phase market access upgrade programme (MARKUP II). The European [...]Kenya’s Economy to Grow by 5.6% in 2023 AfDB
Kenya’s Gross Domestic Product (GDP) is projected to grow 5.6% in 2023 and 6.0% in 2024, driven by services and household consumption. According to the latest Economic Outlook for Kenya [...]Kenyan firms with Dollar-Denominated Loans Worst hit as Shilling Weakens
Kenyan firms with US dollar-denominated loans, as well as imported raw materials, have seen a sharp rise in their finance costs, eroding their profit margins and investments, as the Kenya [...]
